Hongqiao Group ne­go­ti­at­ing to buy African baux­ite mine

China Daily (Canada) - - BUSINESS -

Chi­naHongqiao Group Ltd, the na­tion’s largest non-State-owned alu­minum pro­ducer, is in talks to buy a baux­ite mine in Africa to se­cure raw­ma­te­rial. “We are look­ing to lock up re­sources in Africa and may make some con­crete progress over the next six months,” said ChristineWong, head of cor­po­rate fi­nance. Hongqiao is seek­ing baux­ite sup­plies af­ter In­done­sia, South­east Asia’s largest econ­omy, banned ex­ports of un­pro­cessed ore in Jan­uary.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.